Is Pine River, MN 56474 a buyer’s or seller’s market?

The Pine River housing market right now

In the three months ending August 31, 2026, 24% of homes in Pine River, MN 56474 sold above their list price, the typical home went under contract in 29 days and there were 4.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 22 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold more slowly (15 days then) and the median sale price rose 2% to $292,074. Overall, Pine River is less competitive than a year ago, which gives buyers more room.

Within Cass County, homes here sell more slowly than in 55% of the county’s ZIP codes, and sell more often over asking than in 55%. On our competition score, Pine River ranks #238 of 296 MN ZIP codes with enough sales (score 49 out of 100).

Nearby, buyers who want less competition could look at Federal Dam 56641 (0% sold over asking) or Cass Lake 56633 (0% sold over asking), while Remer 56672 (45% sold over asking) and Backus 56435 (33% sold over asking) are even more competitive.